CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) Shares Gap Down – Time to Sell?

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) shares gapped down prior to trading on Thursday . The stock had previously closed at $6.05, but opened at $5.49. CCC Intelligent Solutions Holdings Inc. Common Stock shares last traded at $5.94, with a volume of 1,706,711 shares trading hands.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CCC. Weiss Ratings raised CCC Intelligent Solutions Holdings Inc. Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Citigroup cut shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $10.00 to $6.00 in a research report on Friday, April 10th. Wall Street Zen cut CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “hold” rating in a research note on Saturday. Stifel Nicolaus reiterated a “buy” rating and issued a $9.00 price objective on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Thursday, July 2nd. Finally, Jefferies Financial Group set a $7.00 target price on CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Thursday. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, CCC Intelligent Solutions Holdings Inc. Common Stock currently has an average rating of “Hold” and a consensus price target of $9.00.

CCC Intelligent Solutions Holdings Inc. Common Stock Price Performance

The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of 76.13 and a beta of 0.51. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.25. The stock’s 50 day moving average is $5.23.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.05 by $0.05. The firm had revenue of $285.93 million for the quarter. CCC Intelligent Solutions Holdings Inc. Common Stock had a return on equity of 7.07% and a net margin of 3.81%.The company’s revenue was up 9.8% on a year-over-year basis. Analysts expect that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.26 EPS for the current fiscal year.

Institutional Investors Weigh In On CCC Intelligent Solutions Holdings Inc. Common Stock

A number of large investors have recently modified their holdings of CCC. Root Financial Partners LLC increased its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 2,170.1% during the first quarter. Root Financial Partners LLC now owns 4,858 shares of the company’s stock valued at $29,000 after buying an additional 4,644 shares during the period. Essential Partners LLC bought a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock during the 1st quarter valued at approximately $38,000. Essex Financial Services Inc. purchased a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock during the 1st quarter worth approximately $61,000. Kera Capital Partners Inc. purchased a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock in the 1st quarter valued at approximately $62,000. Finally, Citizens Financial Group Inc. RI purchased a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock in the 1st quarter valued at approximately $65,000. Institutional investors own 95.79% of the company’s stock.

About CCC Intelligent Solutions Holdings Inc. Common Stock

CCC Intelligent Solutions Holdings Inc is a provider of cloud, mobile, AI, telematics, hyperscale technologies, and applications for the property and casualty insurance economy. The company’s SaaS platform connects trading partners, facilitates commerce, and supports mission-critical, AI-enabled digital workflows. It operates in a single segment being Domestic segment, which provides SAAS platform for the P&C insurance economy and derives revenues from providing customers with software subscriptions to the platform in addition to providing professional services and non-software services.